NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Bitcoin Price Technical Analysis for 03/23/2018 – Another Reversal Pattern?

newsbtc
newsbtc
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin Price Key Highlights

  • Bitcoin price failed to break past the $9,000 level after news of a potential shutdown of Binance in Japan broke out.
  • However, bitcoin price could still form an inverse head and shoulders pattern, which is a potent reversal signal.
  • Technical indicators are showing that bullish momentum could stay in play.

Bitcoin price sold off recently but could form a short-term reversal pattern on its 1-hour time frame and draw more buyers back in.

Technical Indicators Signals

The 100 SMA just crossed above the longer-term 200 SMA to signal that buyers are gaining the upper hand. The 200 SMA is also holding as dynamic support at the moment, but a break lower could lead to another pickup in selling pressure.

Stochastic is pointing down to show that bears have the upper hand while RSI is turning lower as well. Both oscillators are nearing oversold conditions, though, so sellers could still let buyers take over soon.

An area of interest is located around $8,000 and a bounce from here could form the right shoulder of the reversal pattern. Bitcoin price has yet to break past the neckline around $9,200 to confirm a potential uptrend. This should last by around $2,000 or the same height as the chart formation.

Market Factors

Bitcoin price took another hit when it was reported that Japan’s FSA is looking into shutting down Binance in the country for being unable to secure the necessary permits to operate. This revived fears of strict regulation all over the globe, after a bit of reprieve on positive remarks from the G20 Summit.

To add to that, the dollar scored strong gains across the board when risk aversion returned on resurfacing trade war fears. Trump signed a memorandum to impose higher tariffs on Chinese imports that involve intellectual property theft from the U.S.

China has responded that it will not back down from a trade war if it comes to it, so it urged the U.S. to temper its protectionist stance. Further escalation of tensions could mean more losses for riskier assets like bitcoin.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 3

  1. alanstrickland says:
    7 years ago

    No where in the article do you mention the head of Binance addressing the issue as FUD and their team being in talks with the Japanese Govt months ago to get everything in order. This was spreading of old news because Bitcoin was on an upswing. To end the article with that last sentence is also such BS. “Escalation of tensions” is exactly when money moves from fiat to bitcoin which people feel is a safer store of value.

    Reply
    • Henry Hriczko says:
      7 years ago

      VG Alan
      Thanks for that. So much BS comes out of the asses. I dig it stand up and tell like it is..

      Reply
  2. alanstrickland says:
    7 years ago

    Also some added info- Binance has been in talks with Malta and will be opening up an offices there the government is very progressive when it comes to crypto and fintech. Binance is also close to reaching it’s goal of launching a decentralized exchange.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 3

  1. alanstrickland says:
    7 years ago

    No where in the article do you mention the head of Binance addressing the issue as FUD and their team being in talks with the Japanese Govt months ago to get everything in order. This was spreading of old news because Bitcoin was on an upswing. To end the article with that last sentence is also such BS. “Escalation of tensions” is exactly when money moves from fiat to bitcoin which people feel is a safer store of value.

    Reply
    • Henry Hriczko says:
      7 years ago

      VG Alan
      Thanks for that. So much BS comes out of the asses. I dig it stand up and tell like it is..

      Reply
  2. alanstrickland says:
    7 years ago

    Also some added info- Binance has been in talks with Malta and will be opening up an offices there the government is very progressive when it comes to crypto and fintech. Binance is also close to reaching it’s goal of launching a decentralized exchange.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

meme kovanci

Najboljši meme kovanci, ki jih lahko kupite zdaj za manj kot 1 EUR

Trg kriptovalut se danes še naprej giblje v stranskem trendu, vendar nekateri najboljši meme kovanci kažejo potencial za velike dobičke...

tanjapotocnik 51 minutes ago
Stripe

Stripe And Paradigm Announce Tempo, A New Layer-1 Blockchain For Stablecoins

Fintech giant Stripe and crypto venture firm Paradigm have announced their collaboration on a new project named Tempo. The Layer-1...

Ronaldo Marquez 2 hours ago
cardano ada adausd

Cardano Price Prediction: ADA Bears Test Support, Bulls Eye $0.92 Breakout on Hoskinson Boost

Cardano (ADA) has entered September with mixed signals. On-chain data from Santiment reveals that retail sentiment has dropped to its...

James Halver 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

WLFI

WLFI Token Controversy: Justin Sun Denies Selling Rumors Following Address Blacklist

Rubmar Garcia 7 minutes ago
트럼프의 '아메리칸 비트코인' 나스닥 상장, BTC 2.7억 확보…다음 주목받는 코인은

트럼프의 ‘아메리칸 비트코인’ 나스닥 상장, BTC 2.7억 확보…다음 유망 코인은?

Soyeon Lee 33 minutes ago
BTC Hyper

BTC Hyper presegel 13M: Najboljša kriptovaluta za nakup?

tanjapotocnik 48 minutes ago

Premium Sponsors

Press Releases

  • ビットコイン...

    7 minutes ago
  • シバコイン...

    19 minutes ago
  • A 3 legjobb kriptovaluta, amit ma megvásárolhatsz, mivel ez a presale forradalmasítja a meme-piacot 1000x potenciállal

    A 3 legjobb kriptovaluta, amit ma megvásárolhatsz, mivel...

    26 minutes ago
  • パイネットワーク...

    33 minutes ago
  • 3-те най-добри криптовалути за...

    37 minutes ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.